Table 1.
Descriptive statistics of stock prices and COVID-19 cases.
| Country | Mean | Maximum | Minimum | Standard dev. | Jarque–Bera | p-value |
|---|---|---|---|---|---|---|
| Panel A: Stock prices | ||||||
| Brazil | −0.123 | 13.908 | −14.779 | 4.137 | 6.432 | 0.048 |
| Russia | −0.136 | 7.71 | −8.282 | 2.275 | 9.211 | 0.010 |
| India | −0.150 | 8.975 | −13.525 | 2.945 | 8.679 | 0.013 |
| China | −0.0420 | 3.14 | −7.725 | 1.668 | 7.562 | 0.021 |
| Turkey | −0.200 | 6.938 | −10.568 | 2.679 | 7.619 | 0.021 |
| Mexico | −0.172 | 4.269 | −6.423 | 2.054 | 3.492 | 0.172 |
| Indonesia | −0.212 | 10.191 | −6.579 | 2.278 | 8.652 | 0.013 |
| Panel B: COVID-19 cases | ||||||
| Brazil | 25189016 | 69074 | 34.00 | 16900.06 | 11.671 | 0.003 |
| Russia | 9685.653 | 29039 | 4.000 | 7341.759 | 60.282 | 0.000 |
| India | 36073.03 | 97894 | 3.000 | 29715.32 | 19.849 | 0.000 |
| China | 40.24088 | 352.00 | 0.000 | 47.771 | 1417.175 | 0.000 |
| Turkey | 3633.099 | 33198 | 0.000 | 7162.06 | 1839.062 | 0.000 |
| Mexico | 4561.442 | 22089 | 0.000 | 3174.108 | 399.934 | 0.000 |
| Indonesia | 2254.467 | 8369.0 | 0.000 | 1792.099 | 19.677 | 0.000 |
Note: This table presents descriptive statistics for stock returns and COVID-19 cases data. Panel A presents the descriptive statistics for stock returns of emerging 7 countries whereas Panel B presents the descriptive statistics related to COVID-19 cases. Jarque–Bera test is used to test the null hypothesis that the data is normally distributed. P-values below 0.05 indicate the rejection of the null hypothesis.